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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 7,081,408 $ 17,723,884
Prepaid expenses and other current assets 1,818,611 708,053
Total current assets 8,900,019 18,431,937
Other assets:    
Property and equipment, net 595,233 677,485
Right-of-use operating lease asset 9,607 63,817
Intangible assets, net 295,311 379,686
Total other assets 900,151 1,120,988
Total assets 9,800,170 19,552,925
Current liabilities:    
Accounts payable 1,234,490 463,275
Accrued liabilities 1,499,476 1,705,655
Current portion of right-of-use operating lease obligation 9,611 63,820
Investment option liability 1,813,644 851,008
Warrant liability 368,379 185,215
Derivative liability 727,000
Total current liabilities 4,925,600 3,995,973
Commitments and contingencies (Note 9)
Mezzanine equity    
Series C redeemable preferred stock, $0.01 par value, 100,000 shares authorized, and 0 shares issued and outstanding as of June 30, 2023 and December 31, 2022
Redeemable non-controlling interest 885,028
Total mezzanine equity 885,028
Shareholders’ equity    
Preferred stock, $0.01 par value, 20,000,000 shares authorized; Series B preferred stock, $0.01 par value, 3,600,000 shares authorized, 0 shares issued and outstanding as of June 30, 2023 and December 31, 2022
Common stock, $0.01 par value, 100,000,000 shares authorized, 2,141,782 and 2,078,271 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 21,417 20,782
Additional paid-in capital 95,640,571 94,395,662
Accumulated deficit (90,241,366) (79,207,786)
Accumulated other comprehensive loss (546,052) (536,734)
Total shareholders’ equity 4,874,570 14,671,924
Total liabilities, mezzanine equity, and shareholders’ equity $ 9,800,170 $ 19,552,925